00 N Mustang, Leonard, TX, 75452

Off Market

0 Bath

About this property

.8932 Acres - Corner Lot with Open Land Views, established garden area, mature trees and bushes, located on a dead end road which offers more privacy. This spacious corner lot, located at Palamino Dr and Mustang Tr, offers beautiful views of the surrounding open land, making it the perfect spot to build your dream home. The property currently does not have a water meter or electricity, but there is a city water line running alongside Palamino Dr, providing easy access for utilities. With a gravel driveway and RV carport already on site, the property is ready for use while you plan your future home. Enjoy the tranquility of country living while still being conveniently located only approximately 30 minutes from McKinney, Greenville, and Sherman, offering quick access to nearby cities. The neighboring property is also for sale, offering even more possibilities for expansion. (See MLS #20573484 for details on 1004 Palamino Dr.) Don’t miss out on this fantastic opportunity to create your perfect rural retreat!

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0% equity

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$840 /month

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Cash Flow Estimate:

$280 /month

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5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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